Increase in GST collection and E-way bill generation reflect Increased Tax Compliance: Economic Survey 2024-25

The Economic Survey 2023-24, presented by Union Finance Minister Nirmala Sitharaman, highlights significant improvements in India's tax compliance and logistics efficiencies. The report shows a 12.7% growth in GST collections and an increase in GST E-way bill generation, indicating enhanced compliance. The implementation of GST has reduced logistics costs, with trucks saving up to 30% on travel time and covering more distance daily. These efficiencies have boosted manufacturing growth and ease of doing business. The survey underscores the positive economic impact of GST on tax compliance and logistics, supporting the upcoming Union Budget 2024-25.